Macro Trade Friction Risks Intensify, A00 Social Inventory Remains Stable During the Week] Summary: On the macro front, Trump's imposition of a 25% tariff (total tariff rate of 50%) on India has ...

According to SMM data, the composite operating rate of copper billet producers in July 2025 was 44.82%, down 1.33 percentage points MoM and 2.61 percentage points YoY. Specifically, the operating rate ...

[SMM Copper Morning Meeting Summary] News: (1) US President Trump announced that a 100% tariff will be imposed on all imported products containing semiconductors, but exemptions will be granted to ...

Spot-Futures Price Spread Daily Report: According to SMM data, on August 6, the SMM ADC12 spot price was at a theoretical premium of 110 yuan/mt over the closing price of the most-traded cast aluminum ...

August 7, 2025 SMM Tin Morning Briefing: Futures: The most-traded SHFE tin contract (SN2509) opened higher during the night session but pulled back later, closing at 266,600 yuan/mt, down 0.09% from ...

Currently, the magnesium powder market is supported by the high prices of magnesium ingots, with prices maintaining a strong consolidation. Downstream purchase willingness is insufficient, and market ...

Futures: Overnight, LME zinc opened at $2,752/mt. After briefly dipping to $2,743.5/mt at the start of the session, bulls increased their positions, pushing LME zinc to rise steadily above the daily ...

Overnight, the most-traded SHFE lead 2509 contract opened at 16,880 yuan/mt. Early in the session, it briefly touched a high of 16,905 yuan/mt before fluctuating downward, reaching a low of 16,825 ...

Zinc Prices Rise Amid Interest Rate Cut Expectations] LME zinc recorded a three-day winning streak overnight, with the 40-day moving average providing support and the bearish candlestick of MACD ...

Overnight, the most-traded SHFE lead 2509 contract opened at 16,880 yuan/mt. In the early session, it briefly touched a high of 16,905 yuan/mt before fluctuating downward to a low of 16,825 yuan/mt.

[SMM Morning Comment on Zinc] Overnight, SHFE zinc stopped rising and started to fall, but the center of the daily candlestick moved up, with the 10/20-day moving average acting as resistance above.

Shanghai (Gasgoo)- On the evening of August 6, the all-new XPENG P7 model made its global debut with the presale kicking off at the same time. Customers can place a deposit of 99 yuan, which will ...